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Euro Mixed Against Other Majors

January 31, 2013 at 15:28 by Miranda Marquit

Euro sign monumentEuro is mixed against other major currencies today, thanks to a mixed bag of data. Even though the euro is off its recent highs against the US dollar, though, it is still turning in a strong performance against the greenback.

December retail sales out of Germany showed a disappointing performance, even though the strong jobs data out of the eurozone’s largest economy has helped offset that news. Also affecting the euro a little bit is Deutsche Bank‘s big loss for the fourth quarter of 2012.

Even with this news, the eurozone economy is still showing some resilience, and the euro is higher against the dollar and the yen, even as it dips against the pound and the loonie. Euro is expected to hold its ground fairly handily in the coming weeks, even with the current setbacks.

The eurozone is thought to be through the worst of the sovereign debt crisis, and the hopes for the economy present a sharp contrast to the continued floundering of the US economy — and the possibility that debt ceiling and fiscal cliff debates could slow the US economy further.

At 15:24 GMT EUR/USD is up to 1.3572 from the open at 1.3567. EUR/GBP is down to 0.8581 from the open at 0.8586. EUR/JPY is up to 123.7075 from the open at 123.5730. EUR/CAD is down to 1.3570 from the open at 1.3587.

If you have any questions, comments, or opinions regarding the Euro, feel free to post them using the commentary form below.

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